Burlington Stores (NYSE:BURL) Price Target Raised to $335.00

Burlington Stores (NYSE:BURL) had its target price lifted by Robert W. Baird from $330.00 to $335.00 in a report published on Friday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other analysts also recently weighed in on BURL. Morgan Stanley boosted their target price on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Barclays boosted their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday. Citigroup boosted their target price on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. TD Cowen boosted their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $280.00 to $360.00 in a research report on Friday, January 10th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $323.20.

Burlington Stores Stock Performance

Shares of BURL opened at $239.98 on Friday. The company has a market cap of $15.23 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock has a 50-day moving average price of $268.22 and a 200-day moving average price of $269.56. Burlington Stores has a 12-month low of $174.64 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, equities analysts forecast that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after acquiring an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Burlington Stores in the third quarter worth $26,000. Fortitude Family Office LLC boosted its holdings in Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Burlington Stores in the fourth quarter worth $31,000. Finally, Brooklyn Investment Group bought a new stake in Burlington Stores in the third quarter worth $33,000.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.